CORRECTED - Mexico stocks gain after US retail data; peso flat

(In second paragraph, corrects to note four-day losing streak for stocks)

MEXICO CITY, May 13 (Reuters) - Mexican stocks rose on Tuesday after stronger-than-expected U.S. retail sales outside the auto sector showed resilience in the world's biggest economy and Mexico's chief trading partner.

The benchmark IPC stock index .MXX rose 0.67 percent to 30,841 points in light trading, snapping a four-day losing streak. The peso <MXN=> MEX1 was flat, weakening a marginal 0.01 percent to 10.482 per dollar.

U.S. retail sales, excluding autos, rose a higher-than-expected 0.5 percent in April after a 0.4 percent increase in the previous month.

"That shows consumption isn't being discouraged," said Roberto Galvan, an independent investment consultant in Mexico City.

Good news in the United States is often good for Mexico, which sends around 80 percent of its exports to its northern neighbor.

"We are seeing a lot of bargain hunting, the stock market has been moving very laterally for the last few sessions," Galvan said.

Shares of Femsa (FMSAUBD.MX: Quote, Profile, Research, Stock Buzz), Latin America's biggest bottler and brewer, rose 3.02 percent to 48.50 pesos. Its New York shares (FMX.N: Quote, Profile, Research, Stock Buzz) added 2.84 percent $46.33.

Broadcaster Televisa (TLVACPO.MX: Quote, Profile, Research, Stock Buzz) gained 3.20 percent to 55.10 pesos while its New York shares (TV.N: Quote, Profile, Research, Stock Buzz) added 3.25 percent to $26.39.